Condos are Yonkers' biggest 2012 tax deadbeats

The Monterey Condo and Horizon at Ridge Hill were Yonkers' biggest tax deadbeats in 2012, according to a tax lien list published this week.

The Monterey Condo at 357 N. Broadway owes the city 529,634.96 for property taxes in 2012.

Horizon, which built the Monarch at Ridge Hill, owes Yonkers $433,736.28.

Yonkers will auction the liens on May 14 at 10 a.m. in the City Council chambers at City Hall.

Yonkers published its annual list of tax liens on Wednesday in The Journal News.

Monarch at Ridge Hill at 701 Ridge Hill Blvd. opened during the Great Recession and struggled to sell its units.

Last year a limited liability corporation called 1 Ridge Hill, a subsidiary of Eagle Rock Management of Plainview, N.Y., bought the 90 unsold apartments at the 162-unit Monarch at Ridge Hill from Horizon at Ridge Hill on Aug. 1.

The unsold units were then marketed at rentals.

At that time Monarch had a $39,000 unpaid electricity bill and the utility was threatening to cut power.

Delinquent property owners had until December to pay their back taxes to avoid the lien process; some pay up before the auction.